vs
American Homes 4 Rent（AMH）与Essex Property Trust（ESS）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是American Homes 4 Rent的1.1倍（$479.6M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 17.9%，领先13.8%），Essex Property Trust同比增速更快（5.5% vs 4.2%），过去两年Essex Property Trust的营收复合增速更高（6.0% vs 3.6%）
AMH（American Homes 4 Rent）是总部位于美国内华达州拉斯维加斯的住宅房地产投资信托基金，主打单户住宅租赁业务。截至2019年12月31日，公司在全美22个州共持有52552套住宅，资产主要集中在亚特兰大、达拉斯-沃斯堡及北卡罗来纳州夏洛特地区。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
AMH vs ESS — 直观对比
营收规模更大
ESS
是对方的1.1倍
$455.0M
营收增速更快
ESS
高出1.3%
4.2%
净利率更高
AMH
高出13.8%
17.9%
两年增速更快
ESS
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $479.6M |
| 净利润 | $144.3M | $85.7M |
| 毛利率 | — | 70.0% |
| 营业利润率 | — | 31.7% |
| 净利率 | 31.7% | 17.9% |
| 营收同比 | 4.2% | 5.5% |
| 净利润同比 | 0.3% | -71.6% |
| 每股收益（稀释后） | $0.33 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMHESS
| Q4 25 | $455.0M | $479.6M | ||
| Q3 25 | $478.5M | $473.3M | ||
| Q2 25 | $457.5M | $469.8M | ||
| Q1 25 | $459.3M | $464.6M | ||
| Q4 24 | $436.6M | $454.5M | ||
| Q3 24 | $445.1M | $450.7M | ||
| Q2 24 | $423.5M | $442.4M | ||
| Q1 24 | $423.6M | $426.9M |
净利润AMHESS
| Q4 25 | $144.3M | $85.7M | ||
| Q3 25 | $116.8M | $172.7M | ||
| Q2 25 | $123.6M | $231.5M | ||
| Q1 25 | $128.7M | $212.8M | ||
| Q4 24 | $143.9M | $301.7M | ||
| Q3 24 | $87.6M | $125.5M | ||
| Q2 24 | $108.5M | $99.0M | ||
| Q1 24 | $128.1M | $285.1M |
毛利率AMHESS
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% | ||
| Q1 24 | — | 69.7% |
营业利润率AMHESS
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 59.5% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | — | 67.0% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 31.0% |
净利率AMHESS
| Q4 25 | 31.7% | 17.9% | ||
| Q3 25 | 24.4% | 36.5% | ||
| Q2 25 | 27.0% | 49.3% | ||
| Q1 25 | 28.0% | 45.8% | ||
| Q4 24 | 33.0% | 66.4% | ||
| Q3 24 | 19.7% | 27.8% | ||
| Q2 24 | 25.6% | 22.4% | ||
| Q1 24 | 30.2% | 66.8% |
每股收益（稀释后）AMHESS
| Q4 25 | $0.33 | $1.24 | ||
| Q3 25 | $0.27 | $2.56 | ||
| Q2 25 | $0.28 | $3.44 | ||
| Q1 25 | $0.30 | $3.16 | ||
| Q4 24 | $0.33 | $4.00 | ||
| Q3 24 | $0.20 | $1.84 | ||
| Q2 24 | $0.25 | $1.45 | ||
| Q1 24 | $0.30 | $4.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $108.5M | $76.2M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $5.5B |
| 总资产 | $13.2B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资AMHESS
| Q4 25 | $108.5M | $76.2M | ||
| Q3 25 | $45.6M | $66.0M | ||
| Q2 25 | $323.3M | $58.7M | ||
| Q1 25 | $69.7M | $98.7M | ||
| Q4 24 | $199.4M | $66.8M | ||
| Q3 24 | $162.5M | $71.3M | ||
| Q2 24 | $718.4M | $55.2M | ||
| Q1 24 | $124.8M | $499.0M |
总债务AMHESS
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | $6.4B | ||
| Q2 25 | $5.2B | $6.4B | ||
| Q1 25 | $4.9B | $6.8B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | $6.4B | ||
| Q2 24 | $5.0B | $6.2B | ||
| Q1 24 | $4.5B | $6.6B |
股东权益AMHESS
| Q4 25 | $7.0B | $5.5B | ||
| Q3 25 | $7.2B | $5.6B | ||
| Q2 25 | $7.2B | $5.6B | ||
| Q1 25 | $7.2B | $5.6B | ||
| Q4 24 | $7.2B | $5.5B | ||
| Q3 24 | $7.0B | $5.4B | ||
| Q2 24 | $7.0B | $5.5B | ||
| Q1 24 | $7.0B | $5.5B |
总资产AMHESS
| Q4 25 | $13.2B | $13.2B | ||
| Q3 25 | $13.3B | $13.2B | ||
| Q2 25 | $13.6B | $13.2B | ||
| Q1 25 | $13.3B | $13.2B | ||
| Q4 24 | $13.4B | $12.9B | ||
| Q3 24 | $12.8B | $12.6B | ||
| Q2 24 | $13.3B | $12.5B | ||
| Q1 24 | $12.8B | $12.9B |
负债/权益比AMHESS
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | 1.15× | ||
| Q2 25 | 0.72× | 1.14× | ||
| Q1 25 | 0.69× | 1.22× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | 1.18× | ||
| Q2 24 | 0.71× | 1.13× | ||
| Q1 24 | 0.64× | 1.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $864.3M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $823.7M | — |
| 自由现金流率自由现金流/营收 | 181.0% | — |
| 资本支出强度资本支出/营收 | 8.9% | — |
| 现金转化率经营现金流/净利润 | 5.99× | 12.53× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流AMHESS
| Q4 25 | $864.3M | $1.1B | ||
| Q3 25 | $223.3M | $342.6M | ||
| Q2 25 | $271.9M | $216.1M | ||
| Q1 25 | $223.4M | $281.5M | ||
| Q4 24 | $811.5M | $1.1B | ||
| Q3 24 | $233.6M | $316.2M | ||
| Q2 24 | $274.0M | $218.9M | ||
| Q1 24 | $201.8M | $314.9M |
自由现金流AMHESS
| Q4 25 | $823.7M | — | ||
| Q3 25 | $214.5M | — | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | — | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | — |
自由现金流率AMHESS
| Q4 25 | 181.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | — |
资本支出强度AMHESS
| Q4 25 | 8.9% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
现金转化率AMHESS
| Q4 25 | 5.99× | 12.53× | ||
| Q3 25 | 1.91× | 1.98× | ||
| Q2 25 | 2.20× | 0.93× | ||
| Q1 25 | 1.74× | 1.32× | ||
| Q4 24 | 5.64× | 3.54× | ||
| Q3 24 | 2.67× | 2.52× | ||
| Q2 24 | 2.52× | 2.21× | ||
| Q1 24 | 1.58× | 1.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
